© Reuters
By Liz Moyer
Investing.com — Stocks fell on Thursday as better-than-expected data renewed concerns about higher interest rates for longer. Here are the noon engines for February 16.
- Year Inc. (NASDAQ:) Shares rose 16.5% after the streaming device maker posted a smaller-than-expected loss and said it added 4.6 million new accounts in the past quarter, more than expected.
- Shopify Inc (NYSE:) shares fell 15.8% after the e-commerce platform for businesses provided weaker-than-expected guidance for the first quarter, including slowing revenue growth.
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DocuSign Inc (NASDAQ:) Shares rose 3.6% after the electronic signature company announced a second round of job cuts, saying it will cut 10% of its staff.
- Travel Centers of America LLC (NASDAQ:) shares soared 70% after BP (NYSE:) announced plans to buy the gas station and convenience store operator in a $1.3 billion all-cash deal.
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Twilio Inc. (NYSE:) shares rose 17% and reported better-than-expected results. The cloud communications company also announced plans to buy back $1 billion of its shares.